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Here at Gillman Subaru San Antonio, one of the car-buying topics that often causes confusion is financing. While some drivers can afford to buy a new car with cash or credit card, the majority of buyers need to take out a financing plan. At our Subaru finance center, we have a team of friendly finance professionals who help local drivers get matched to a payment plans that best meets their needs. Here is what you need to know about financing a new Subaru car.

Car Financing Process

Before shopping our online inventory and picking a few Subaru cars that you are interested in, it is important that you check your credit score. No matter the price of a new car, your credit score can make a difference in how much interest you need to pay on the loan. While we will lend to buyers with poor or no credit, people with a poor credit score often are required to pay a higher interest rate.

Before entering our dealership for a test drive, you should also be familiar with a few different car finance terms. These include:

  • Loan term: The number of months you can expect to be paying off your loan. In general, the longer the loan, the more you will pay in interest over time.
  • Interest rate: The cost of borrowing money from the lender. This is an additional monthly charge on top of your loan.
  • Down payment: This is the amount that you are required to put down at the beginning, in order to purchase the car.

San Antonio, TX Subaru Finance Center

Here at our Subaru finance center, our team of professionals provides financing for both new and pre-owned Subaru cars and will work with you to find the best loan for your needs.

Categories: Finance